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On2 Investors File Lawsuits Over Google Deal

engine

3:02 pm on Aug 13, 2009 (gmt 0)

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On2 Investors File Lawsuits Over Google Deal [nypost.com]

Shareholders of On2 Technologies, the video-software maker that Google agreed to buy for $106.5 million in stock, are blasting the deal, saying the sale process was rigged to favor the search giant.
On2 investors have filed separate lawsuits in New York and Delaware, claiming the buyout announced last week undervalues On2 and benefits On2 executives, board members and employees at the expense of regular investors.

Earlier story
Google to Acquire On2 [webmasterworld.com]

weeks

5:44 pm on Aug 13, 2009 (gmt 0)

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joined:Jan 22, 2005
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benefits On2 executives, board members and employees at the expense of regular investors.

Darn investors! They act like they own the company.

(I worked with "member-owned cooperatives" for years. Hahahaha. Where the customers are treated like the owners? No, where the owners treated like customers. It's a problem.)

Slinger

12:04 am on Aug 14, 2009 (gmt 0)

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joined:Aug 11, 2008
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The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.

And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.

Slinger

12:07 am on Aug 14, 2009 (gmt 0)

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I am not a destroyer of companies.

I am a liberator of them!

walkman

1:39 am on Aug 14, 2009 (gmt 0)

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joined:Dec 29, 2003
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"benefits On2 executives, board members and employees at the expense of regular investors."

The same exact thing almost brought the entire world into a great depression last year: bankers take huge risks, if they win, they retire. If they lose, there's always the next year.